September 28, 2016 / 4:05 PM / 3 years ago

ECB's low rate policy is like "hidden rescue package" - German lawmaker

BERLIN, Sept 28 (Reuters) - German lawmakers made clear to European Central Bank President Mario Draghi on Wednesday that they viewed the bank’s low interest rate policy as a disguised rescue package for troubled euro zone states, a senior conservative politician said.

After the European affairs committee of the German Bundestag lower house of parliament met with Draghi, Gunther Krichbaum told reporters: “What was also discussed is that the low interest rate policy works like a hidden rescue package although the German Bundestag never gave its approval for this.” (Reporting by Michelle Martin, Noah Barkin and Michael Nienaber)

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